Does gov't regret not buying into Karowe?

World famous: Karowe has uncovered some of the worldu00e2u20acu2122s biggest diamonds of late PIC: MINING.COM
World famous: Karowe has uncovered some of the worldu00e2u20acu2122s biggest diamonds of late PIC: MINING.COM

The Minerals Development Company Botswana, government’s mining investment agency, is investigating whether talks should be started with Lucara into acquiring a stake. Lucara’s Karowe keeps discovering headline-grabbing diamonds, but the decision is anything but clear-cut. Staff Writer MBONGENI MGUNI writes

Since its commissioning in 2012, Lucara’s Karowe Diamond Mine has fast built a reputation for finding some of the world’s most remarkable diamonds. From 2015’s 1,109-carat Lesedi la Rona and 813-carat Constellation, to last year’s 1,758-carat Sewelo and the 549-carat gem announced last week, Karowe has regularly been in the global headlines.

From the beginning of the year-to-date in 2020, Karowe has produced six diamonds greater than 100 carats and appears well on the way to a revenue target of between $180 million and $210 million (between P1.97 billion to P2.3 billion).

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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